Bailed-out insurer American International Group Inc said it will take a $4.1 billion fourth-quarter charge at its Chartis unit, and the U.S. government will allow it to retain $2 billion from recent sales to bolster capital at that unit.
AIG had been restructuring by selling business such as its AIG Star Life Insurance Co and AIG [...]

Panviva, the health insurance industry’s leading provider of Business Process Guidance (BPG) systems, announced today the opening of a new U.S. office in Wakefield, Massachusetts, just outside of Boston which will offer support for the company’s growing health insurance customer base.
Panviva, a pioneer in the new field of BPG, is consistently delivering dramatic cost reductions [...]

A rise in credit default swaps on American International Group (AIG.N: Quote, Profile, Research, Stock Buzz) debt indicates the market may be skeptical about a government program to support the insurer, JPMorgan said on Friday.
Over the past month, five-year credit default swaps on AIG have risen to 44 percent upfront from 29 percent upfront, retracing [...]